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economist, a very important one, which is because the world is so complicated, because the economy is so competent, because the city is so complicated that is trying to understand it is too hard for a small group of china's centrally located planners to ever fully be able to do. and so the way the markets work as they say look, no individual person has to understand the whole thing. the market works because every individual in the market understands just a little bit of it. you can focus on your part buying and selling, creating, sharing. in your part of the world, and over all the totality of all these agents will end up coming up with new solutions to problems, meeting people's needs and so when. so markets are a kind of pure network in that sense. where the pure progressives differ from traditional libertarians is that we don't think that markets solve every problem in society.elf there are many facets of human they experience that are not necessarily solved by mark is, in fact, markets create their own problems sometimes. they approach of bubbles and i things like that. in the intern
is so complicated, because the economy is so complicated because the city is so complicated, that trying to understand it is too hard for us in a centrally located planner so the way the markets work is no individual person has to understand the whole thing. every individual understands you can focus on your part buying and selling and creating and sharing and overall the to tell the theory of all of the major be the agents within the coming up with new solutions to problems meeting people's needs and so on, so the markets are a kind of peer network in that sense where the pier progressives differ from traditional libertarians as we don't think the market solvesont every problem in society and there are many facets of humanre builrience there are a lot of companies network that unitekind of that were trying to buildmparedr produced solution of the internet itself and the web and now wikipedia and many other things. there are places where you can use decentralized structure without involving traditional market relations, and that is what pier progressives are trying to do. >> host: what i
Search Results 0 to 1 of about 2